Kenya leapfrogged five countries to become the fourth biggest beneficiary of project- funding from the African Development Bank (AfDB) on the continent in a single year, as the Pan-African lender deepens its financing of projects in Kenya.
New disclosures show that AfDB approved project funding worth 442.5 million Units of Account (UA) or the equivalent of $577.08 million (Sh74.54 billion) for Kenya last year, which was a jump of 52.7 percent from the UA290.4 million or $389.6 million (Sh50.33billion) in 2023, when the country was the ninth biggest beneficiary of disbursements from the lender.
